Yellow metal reclaims gains from 3-1/2 months’ lows

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
177 0 4
Yellow metal reclaims gains from 3-1/2 months’ lows – Don’t jack up fresh longs, instead prefer digital calls to participate in bull swings:

Technical Inference:

After the breach below the neckline of the triple top pattern at 1308.42 levels on daily charts , you can observe the tumbling of gold             prices until 1266.77 levels where we are not seeing any strong support nor even any substantiation from any technical indicators.

So, ongoing upswings are not to be deemed as buying opportunities for long-term investors as we foresee more slumps to be evidenced on the break below the neckline.

On daily charts , 7DMA crosses below 21DMA which is again a sell signal.

On monthly plotting, shooting star occurred at peaks (1315.55 levels) of the intermediary trend.

Current prices drifting below 7EMA after the rejection of stiff resistance at 1385.

Current prices slid below 7EMA, more slumps likely up to 1243 (i.e. the collapse up to 21EMA).

Both leading oscillators on daily and monthly terms signal intensified selling momentum. RSI , Stochastic curves have been powerful in suggesting the current bearish trend to prevail as they reached oversold territory but no trace of recovery on EOD             charts.

While MACD on daily terms remains in the bearish trajectory that is likely to drag down further.

Trading tips:

Aggressive speculators relying on intraday bullish sentiments can participate in these swings using one touch binary calls for targets up to 1275 levels.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out